Steel News

 

Stronger Steel Prices Boost Dalian Iron Ore

Aug 19, 2024

Dalian iron ore futures prices retraced earlier losses on Monday, as firmer steel prices and revived hopes of stimulus in top consumer China added support to the volatile market.The most-traded September iron ore contract on China's Dalian Commodity Exchange (DCE) ended daytime trade 0.71% higher at 712 yuan ($99.70) a metric ton.The contract hit its weakest level since August 2023 at 688.5 yuan earlier in the session…

More Chinese Steel Enters India

Aug 21, 2024

India continued to be a net importer of steel during the first four months of the current fiscal year beginning April, with China as its biggest supplier of the alloy, according to provisional government data seen by Reuters.India imported 2…

H2 Green Steel Signs Deal with Port of Luleå

May 30, 2023

Sweden-based H2 Green Steel and the Port of Luleå have signed a cooperation agreement whereby H2 Green Steel agrees to use the port as its primary logistics and transportation hub for intermediate goods and products to be transported to and from its new steel mill in Boden…

First Ocean Vessel of 2023 Arrives at Ports of Indiana-Burns Harbor

Apr 11, 2023

Ports of Indiana-Burns Harbor opened its 2023 international shipping season on April 11 with the arrival of Polsteam’s Isadora, a bulk carrier from Ijmuiden, Netherlands, through the St. Lawrence Seaway and Great Lakes.Owned and operated by Polsteam and built in 1999…

As Steel Prices Rise (again); Ship Scrapping Prices Rise, Too

Feb 14, 2022

Following recent upward moves on domestic steel plate prices at nearly every major recycling destination, it was another week of firm pricing and a sub-continent market that is still on an aggressive footing for the most part.Demand remains…

China Steel Hopes Drives Iron Ore Demand

Jan 07, 2022

Dalian iron ore rose on Friday and advanced nearly 6% this week as traders returned from New Year holidays feeling optimistic about potential demand recovery in top steel producer China.Iron ore's most-active May contract on China's Dalian Commodity Exchange ended daytime trading 1…

Chinese Buyers Snap up Indian Steel in Face of Trade Tensions

Aug 31, 2020

India's steel exports more than doubled between April and July to hit their highest level in at least six years, boosted by a surge of Chinese buying in defiance of tensions between Beijing and New Delhi.Traders said reduced prices had driven…

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